9 401(k) Tips That Could Earn You Thousands
If you have a 401(k) or similar retirement plan at work, the smartest thing you can do is to learn some basic concepts about retirement investing, such as proper asset allocation, how 401(k) fees work, and how much you should be contributing. With that in mind, here are some tips that can help you maximize the long-term growth power of your 401(k).
If you don't contribute as much to your 401(k) as your employer is willing to match, you're literally turning down free money. For example, if you earn $50,000 per year and your employer is willing to match contributions of up to 6% of your salary, that's an extra $3,000 in compensation that's yours for the taking.
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Source: Fool.com
